[temeculaguy]

I vote SDCCU because they have a branch in most every town in the county, including a few in my hood. The ease and terms (same rate) of their subordinated tax reward auto loan is reason enough, always deduct your car payments.

I don’t know much about their loan portfolio but I’ve shopped them in the past for home related loans and they are never a good deal. Their 30 yr fixed right now is 6 3/4.

I also read their 2007 report and from my understanding they have 3 billion in loans, it doesn’t say home loans, just loans. I’ve never met anyone with their home loan through SDCCU but know plenty with car loans and credit cards through them. My guess is most of their loans are not mortgages. The other element to their stability in volatile times is a large number of their members are governemnt employees who have fairly stable jobs and income.

[temeculaguy]

I vote SDCCU because they have a branch in most every town in the county, including a few in my hood. The ease and terms (same rate) of their subordinated tax reward auto loan is reason enough, always deduct your car payments.

I don’t know much about their loan portfolio but I’ve shopped them in the past for home related loans and they are never a good deal. Their 30 yr fixed right now is 6 3/4.

I also read their 2007 report and from my understanding they have 3 billion in loans, it doesn’t say home loans, just loans. I’ve never met anyone with their home loan through SDCCU but know plenty with car loans and credit cards through them. My guess is most of their loans are not mortgages. The other element to their stability in volatile times is a large number of their members are governemnt employees who have fairly stable jobs and income.

[temeculaguy]

I vote SDCCU because they have a branch in most every town in the county, including a few in my hood. The ease and terms (same rate) of their subordinated tax reward auto loan is reason enough, always deduct your car payments.

I don’t know much about their loan portfolio but I’ve shopped them in the past for home related loans and they are never a good deal. Their 30 yr fixed right now is 6 3/4.

I also read their 2007 report and from my understanding they have 3 billion in loans, it doesn’t say home loans, just loans. I’ve never met anyone with their home loan through SDCCU but know plenty with car loans and credit cards through them. My guess is most of their loans are not mortgages. The other element to their stability in volatile times is a large number of their members are governemnt employees who have fairly stable jobs and income.

[temeculaguy]

I vote SDCCU because they have a branch in most every town in the county, including a few in my hood. The ease and terms (same rate) of their subordinated tax reward auto loan is reason enough, always deduct your car payments.

I don’t know much about their loan portfolio but I’ve shopped them in the past for home related loans and they are never a good deal. Their 30 yr fixed right now is 6 3/4.

I also read their 2007 report and from my understanding they have 3 billion in loans, it doesn’t say home loans, just loans. I’ve never met anyone with their home loan through SDCCU but know plenty with car loans and credit cards through them. My guess is most of their loans are not mortgages. The other element to their stability in volatile times is a large number of their members are governemnt employees who have fairly stable jobs and income.

[temeculaguy]

Ren, how about $57 a square for a rental.

http://www.redfin.com/CA/Temecula/44551-La-Paz-Rd-92592/home/6188993

The place is old, a dive, right behind a gas station and right next to the freeway, but at $57 a square, 99k for a rental that probably goes for 1000-1200/mo.

Carlsbad, SFR’s are already at or below $100 a square, markets aren’t based on building costs and logic, they are based on emotion so they will defy logic, either higher or lower than true value. If your question is most of the air out of the Temecula tires, yes, most is. There is probably a little left to go but it’s close. Now that some price falls are hitting Esco, if it spreads to the rest of North County, it will take a tad more out of Temecula because people wont need to flee the higher prices.

[temeculaguy]

Ren, how about $57 a square for a rental.

http://www.redfin.com/CA/Temecula/44551-La-Paz-Rd-92592/home/6188993

The place is old, a dive, right behind a gas station and right next to the freeway, but at $57 a square, 99k for a rental that probably goes for 1000-1200/mo.

Carlsbad, SFR’s are already at or below $100 a square, markets aren’t based on building costs and logic, they are based on emotion so they will defy logic, either higher or lower than true value. If your question is most of the air out of the Temecula tires, yes, most is. There is probably a little left to go but it’s close. Now that some price falls are hitting Esco, if it spreads to the rest of North County, it will take a tad more out of Temecula because people wont need to flee the higher prices.

[temeculaguy]

Ren, how about $57 a square for a rental.

http://www.redfin.com/CA/Temecula/44551-La-Paz-Rd-92592/home/6188993

The place is old, a dive, right behind a gas station and right next to the freeway, but at $57 a square, 99k for a rental that probably goes for 1000-1200/mo.

Carlsbad, SFR’s are already at or below $100 a square, markets aren’t based on building costs and logic, they are based on emotion so they will defy logic, either higher or lower than true value. If your question is most of the air out of the Temecula tires, yes, most is. There is probably a little left to go but it’s close. Now that some price falls are hitting Esco, if it spreads to the rest of North County, it will take a tad more out of Temecula because people wont need to flee the higher prices.

[temeculaguy]

Ren, how about $57 a square for a rental.

http://www.redfin.com/CA/Temecula/44551-La-Paz-Rd-92592/home/6188993

The place is old, a dive, right behind a gas station and right next to the freeway, but at $57 a square, 99k for a rental that probably goes for 1000-1200/mo.

Carlsbad, SFR’s are already at or below $100 a square, markets aren’t based on building costs and logic, they are based on emotion so they will defy logic, either higher or lower than true value. If your question is most of the air out of the Temecula tires, yes, most is. There is probably a little left to go but it’s close. Now that some price falls are hitting Esco, if it spreads to the rest of North County, it will take a tad more out of Temecula because people wont need to flee the higher prices.

[temeculaguy]

Ren, how about $57 a square for a rental.

http://www.redfin.com/CA/Temecula/44551-La-Paz-Rd-92592/home/6188993

The place is old, a dive, right behind a gas station and right next to the freeway, but at $57 a square, 99k for a rental that probably goes for 1000-1200/mo.

Carlsbad, SFR’s are already at or below $100 a square, markets aren’t based on building costs and logic, they are based on emotion so they will defy logic, either higher or lower than true value. If your question is most of the air out of the Temecula tires, yes, most is. There is probably a little left to go but it’s close. Now that some price falls are hitting Esco, if it spreads to the rest of North County, it will take a tad more out of Temecula because people wont need to flee the higher prices.

[temeculaguy]

Pretty soon it will be poppin’ like Orville Redenbacher. Esco has a few miles between it and Temecula but it was bound to hit there next. If the price drops become prevelent there, things will spread like wildfire through the North County.

[temeculaguy]

Pretty soon it will be poppin’ like Orville Redenbacher. Esco has a few miles between it and Temecula but it was bound to hit there next. If the price drops become prevelent there, things will spread like wildfire through the North County.

[temeculaguy]

Pretty soon it will be poppin’ like Orville Redenbacher. Esco has a few miles between it and Temecula but it was bound to hit there next. If the price drops become prevelent there, things will spread like wildfire through the North County.

[temeculaguy]

Pretty soon it will be poppin’ like Orville Redenbacher. Esco has a few miles between it and Temecula but it was bound to hit there next. If the price drops become prevelent there, things will spread like wildfire through the North County.

[temeculaguy]

Pretty soon it will be poppin’ like Orville Redenbacher. Esco has a few miles between it and Temecula but it was bound to hit there next. If the price drops become prevelent there, things will spread like wildfire through the North County.

[temeculaguy]

The bailout bill already covers this, bank agrees to take 90% of appraised value and borrower refi’s with fha. It’s voluntary and has a few catches. Catch one is any profit when it is sold is split with FHA, they saved you, they want half. The other catch is you pay 1.5% per year in pmi. Third catch is it is voluntary. Bank can look at it as they will lose 10% in the repo process and the escrow/realtor fees. People get to basicly walk away and walk back in without ever moving, resetting to today’s value.

The downside is it is too late for most and the income requirements, documentation and no missed payments will kill anyone in the pipeline already. It may save 10% but that is moving forward, we have a year of repos to chew through. At best it shortens the downturn, bringing to an end in 12 months. Softening the landing will inhibit the next rise, my guess, things will be flat from 2010 on, for a few years.

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